READ & DOWNLOAD Chinas Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle
One of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is bound to backfire. Second, he comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popularauthor of The Big Short, might do. His analysis is informed but accessible, animated by anecdotes and characters, some colourful, some verging on tragic . McMahon is among the most compelling of the many analysts who conclude that China's economic miracle will end painfully
― The EconomistAn engaging economy lesson: human stories are at the heart of every chapter and he draws on his contacts to bring this well researched analysis to life ― Belfast TelegraphMcMahon tracks how the former juggernaut of growth allowed its economy to become mired in debt, and the dangers this poses for the rest of the world ― Sunday Times Chinas Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle